Fly Ash Market to Benefit from Rising Consumption in the Construction Industry

Pune, India, December 2018/MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on “Global Fly Ash Market Research Report - Forecast to 2022 to 2030– Market Analysis, Scope, Stake, Progress, Trends and ForecastMarket Overview:fly ash market is projected to register a CAGR of 6.65% from 2022 to 2030. Fly ash is a fine particle byproduct of burning pulverized coal that coal-based power plants typically produce. The fly ash market size is expected to reach approximately USD 15.87 billion by 2030

Heightened demand for unsaturated polyester resin (UPR) is one of the preliminary factors that is fostering the growth of the global fly ash market. Desirable properties of UPR such as tensile strength, flexural strength, impact strength, damping, thermal expansion, and corrosion resistance in particular results in increased demand from the construction industry. They are used for roofing, building panels, reinforcement, and for the formulation of simulated stones, rocks, marbles, and fiber-strengthened plastics (FRP).

Increasing consumption of fly ash in the automotive industry can also be attributed for the growth of the global fly ash market. Fly ash is applied in the automotive industry to make automotive castings lighter which leads to further energy savings by means of reduced fuel consumption.

The governments in multiple countries have mandated the use of materials containing fly ash for the purpose of construction of new buildings, in a bid to dispose of quantities of fly ash produced without out causing environmental degradation and health hazards which is expected to reflect positively on the growth of the global fly ash market.

Fly ash also finds application in the construction of roads and fire bricks. Fly ash is experiencing towering demand from the building projects of expressways and highways since using them provides significant economic benefits which are likely to arouse the growth of the global fly ash market.

However, the global fly ash market is met with certain factors which are likely to restrict growth over the forecast period. High disposal costs and growing scarcity of landfill sites can impede the growth of the market. Detrimental environmental effects of fly ash might also constrain market growth. Meanwhile, commercialization of bio-based maleic anhydride is expected to offer opportunities for market expansion over the forecast period.Competitive Landscape:Bluestar Harbin Petrochemical Corp. (China), Thirumalai Chemicals Ltd (India), Fuso Chemical Co. (Japan), Changzhou Yabang Chemical Co. Ltd (China), Helm AG (Germany), Ashland Inc. (US), Polynt Group (Italy), Marathon Petroleum Corp. (US), Mitsubishi Chemical Corporation (Japan), Lanxess (Germany), Ningbo Jiangning Chemical (China), Nippon Shokubai Co. Ltd (Japan), Nan Ya Plastics Co.(China), Bartek Ingredients Inc. (Canada), and Huntsman Corporation (US) are the leading players in the global fly ash market.

Segmentation:

The global fly ash market has been segmented based on raw material, application, and end-use industries.

By raw material, the global fly ash market has been segmented into N-Butane and Benzene. The N-Butane segment accounted for the largest share of the market in 2017.

By application, the global fly ash market has been segmented into Unsaturated Polyester Resin (UPR), Copolymers, Lubricant Additives, Alkenyl Succinic Anhydrides, Malic Acid, Fumaric Acid, and Others. The unsaturated polyester resin segment led the market in 2017 while the copolymers segment is projected to be the fastest growing segment.

By end-use industries, the global fly ash market has been segmented into Construction, Automotive, Food & Beverages, Textile, Pharmaceuticals, Personal Care, Agriculture, and Others. The construction segment was the largest in 2017 while the automotive segment is expected to be the fastest growing segment over the forecast period.

Regional Analysis:

Geographically, the fly ash market spreads across the regions of the Americas, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

APAC led the global market in 2017. Rapid industrialization in the region coupled with the enormous growth of the construction industry in the region due to fast-track urbanization can be accredited for the growth of the APAC market. Also, fly ash is found in abundance in the region which acts as a plus for the growth of the APAC fly ash market. In addition, the governments in the region have initiated actions for energy conservation which serves a significant driving factor. 

Europe is a significant growth pocket and is expected to exhibit substantial growth over the forecast period. The economic recovery in Europe coupled with the rise in a number of smart city projects provides an impetus for the growth of the Europe fly ash market. Regulations pertaining to the utilization of coal combustion products in the region is driving the market.

North America fly ash market is chiefly driven by the upswing of the construction industry in the region.

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